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HomeContributorsTechnical AnalysisElliott Wave Analysis: USDCAD Trading In A Bullish Impulse; Intraday Set-backs May...

Elliott Wave Analysis: USDCAD Trading In A Bullish Impulse; Intraday Set-backs May Occur

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDCAD is sharply turning up, now probably in the strongest and steepest wave 3 as part of a five wave impulse. As we can see, wave 3 may see limited upside and slow down around the 161.8 Fibonacci ratio, from where a new three wave drop into wave 4 may start to come in motion.

USDCAD, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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